Staff Reporter
Karachi
The Pakistan Stock Exchange (PSX) endured lacklustre activity on Tuesday as weak investor sentiment snapped a four-session winning streak. As a result the benchmark KSE-100 index closed down by 36 points. Weak global cues, coupled with a drop in international equity markets, prompted market participants to offload stocks.
Encouraging cement sales, which depicted a growth of 11% in December, led to a turnaround in cement and steel stocks after they attracted modest selling on Monday.
Earlier, trading began with a plunge, however, buying activity during early hours helped pare losses and pushed the index upwards. A lack of positive triggers that could give direction to the market weighed on investors’ sentiment and they took a cautious position, with the index ending the session with a slight loss.
